Jess BrooksIf your director’s loan account is in credit, you may be able to charge interest, but what are the tax implications? Learn how HMRC rules, CT61 requirements, and savings allowances affect both you and your company.
Jess BrooksDirectors are usually protected by limited liability, but there are situations where HMRC can pursue them personally for unpaid corporation tax. Learn when directors may become liable and how to avoid the risk.
Jess BrooksCan your company pay school or university fees? Learn the tax impact of reimbursement vs direct payment, BIK and Class 1A NIC, employee loans (the £10,000 rule), dividends and settlements, and why salary sacrifice is limited.
Jess BrooksThinking of closing a limited company and moving to sole trader? Disincorporation can trigger tax on asset transfers, goodwill gains, SDLT/VAT issues, and different outcomes when extracting cash. Here are the key points to watch.